both pricing environment and handset campaigns despite lessen from previous year. Market was driven by postpaid acquisition via handset bundling package causing steady rise in blended ARPU throughout the

to be in line with natural gas price. Therefore, an increase in gas price has no effect on gross profit. In addition, plant heat rate of the current period is improved from the previous year, resulting

competition improved from previous year with price adjustment seen in 1H19 in both postpaid and prepaid segments. However, prepaid unlimited data plans has re-emerged in 2H19. Bundling attractive discounts on

no effect on gross profit. In addition, management of electrical machinery operation of the current year is improved from the previous year, resulting in the ability to produce more electricity with

. Domestic sales increased by 7.2% YoY driven by the momentum of new products launched in previous quarter (Q3’18), on top with Twelve Plus campaign with BNK48 (Girl Group) in Q4’18. Q4’18 growth was affected

income until the gross profit being reported differently from the previous periods PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 The Proportion of Gross Profit in Q1/2019 Operating performance by

, when including comprehensive gain, had total gain of Baht 114 million. The consolidated net profit for 1Q19 totaled Baht 1,228 million, a decline of 13.9% from Baht 1,427 million from the previous

transaction, the revenue from other business should increase by 7.0% In 1Q19, net loss in EBITDA from other business was THB 61 million, a decrease of 167.0% from previous year as aforementioned. Earnings

more 4G and continued 3G, we plan to invest at a similar range to the previous year with Bt20-25bn in total, of which Bt4-5bn allocated for fixed broadband. This budgeted CAPEX is mainly for 4G capacity

% 2. ECONOMIC SITUATION Thai economy in Q2/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector